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Use the following information to construct an income statement. Interest = $25,000; Sales = $950,000; Income tax rate = 25%; Selling and marketing expenses =
Use the following information to construct an income statement. Interest = $25,000; Sales = $950,000; Income tax rate = 25%; Selling and marketing expenses = $160,000; General and administrative expenses = $200,000; Gross profit = $550,000; Depreciation = $30,000; and Cost of goods sold = $400,000.
Please show steps on how to get all the numbers
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